Charter Pacific advances in Mauritania

Queensland minnow
Charter Pacific
is nearing completion of the second round of field work at one of its two Mauritanian iron ore exploration projects.

In a market update released on Friday, the company announced that an additional 71 kilometre strike line has been identified on the eastern perimeter by its geologists SEMS Exploration Services, in addition to the 80km strike line already identified.

An exploration target of potentially 2.6 billion tonnes was estimated at the project late last year.

Charter Pacific is now in discussions with prospective drilling contractors. Its nearest neighbour in the area is Xstrata’s
Sphere Minerals.